Logically raises $24 mn; Vitruvian Partners leads funding round

It has been estimated that fake news is costing the global economy around $78 billion every year and Logically is addressing that problem.

Logically, a technology company using advanced AI to tackle harmful misinformation, today announced the completion of a $24 million funding round led by growth investor Vitruvian Partners. The round also included investment from the Amazon Alexa Fund, and existing seed investors XTX Ventures and the Northern Powerhouse Investment Fund (NPIF), managed by Mercia Asset Management Plc.

Logically will use the funds to scale its team and capabilities in India, as well as drive growth across other core markets including the US and UK. The investment enables Logically to accelerate its technologies across AI, machine learning and OSINT (open-source intelligence), and stay